Deutsche Bank has hired another of Barclays’ top UK investment bankers, as the German lender continues to expand the unit in Europe.
Derek Shakespeare has joined Deutsche Bank as president of mergers and acquisitions for Europe, Middle East and Africa, according to a statement from the bank. He comes from Barclays, where he was most recently President of UK M&A and Head of the M&A Financial Institutions Group for Europe and the Middle East.
Shakespeare joined Barclays in 2010 from Bank of America, where he led its consumer M&A team in the Emea region and previously also headed its European M&A team.
He is the second Barclays senior banker to join Deutsche’s UK investment banking team in recent months. In May, Deutsche hired Daniel Ross as Head of UK and Ireland Investment Banking Coverage from Barclays where he was Vice President of UK Investment Banking.
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The German lender is expanding its European investment bank, after a period of contraction in the past two years. Deutsche unveiled a major overhaul of its business in 2019, which will ultimately result in the loss of 18,000 jobs across the organization. But the positive results of his investment bank over the past 12 months have allowed him to hire again.
In September, she hired Michael Longoni as Vice President of Technology, Media and Telecommunications for Europe, Middle East and Africa, Haziel Bamberger as Managing Director covering Emea’s tech companies and Christian Böhm from JPMorgan in Frankfurt.
He also hired Lewis Burnett as the new head of corporate brokerage in the UK, FN reported.
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